Performance % Complete

Hi



If you using Performance % Complete as well as Steps

your % complete will base on your step completion



If you only using performance % comp then it is a value entre by you of your estimated completion of the activity



HTH



Alex

Hi Niles Luo,



Performance % complete is the earned value of any activity.Earned value can be based on quantities, cost mhrs etc.



In P3e if you are using performance % complete, it is better to base on the cost in updating the activity % percentage complete as P3e only uses cost in summarising the percentage at different WBS or activity code level.



I hope it clarifies.



Cheers.



Dinesh

SPI = BCWP/BCWS.....not ACWS..this does not exist!

I would like to correct the following



Schedule Variance = BCWP-BCWS

Cost Variance = BCWP-ACWP

Schedule Performance Index (SPI) = (BCWP/ACWS)

CostPerformance Index (CPI) = (BCWP/ACWP)

display the WBS Window and click the earned value tab



choose the technique for computing the performance % complete



which is consider to calculate earned value



earned value = budget at completion * performance % complete

Which, whilst correct, doesnt address the original question.

Earned Value Measurement System (EVMS) is a rational method for Measuring Performance that can help the Project Teams manage their work more effectively by:-



1)Anticipating problems before they become acute

2)Using factual data to understand what is happening

3)Recognizing trends and correcting them

4)Applying lessons learned to improve future performance

5)Preventing Margin Slippage.





Here Are The Earned Value Terminology:-



BCWS = Budgeted Cost of Work Scheduled=Planned Value

BCWP = Budgeted Cost of Work Performed=Earned Value

ACWP = Actual Cost of Work Performed= Time Charged

Schedule Variance = BCWP-BCWP

Cost Variance = BCWP-ACWP

Schedule Performance Index (PI) = (BCWP/ACWP)

CostPerformance Index (SI) = (BCWP/BCWS)



Hope i am clear.

Define your interpretation of "Performance"